Over the weekend there were media reports of a potential adjustment in ECB policy regarding its asset purchases. At first glance, it appeared to be just talk of a mere technical change and could have passed unnoticed. It’s still in the “discussion” phase, so it’s quite possible that many traders ignored it. The issue is that this particular topic could rile up differences between the “north” and “south”, along with a long-standing rift regarding monetary policy. If implemented, it could put the EU closer to the US in terms of the inflation outlook. Moreover, this could shift some of the balance of power within the ... (full story)